Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-12-31
REAL estate MATrERs.
How 1nvessments In City Property q
Regarded by visitor.


GOOD woxD FOR RIAL ESTATE srxCuLAroRs BIT
ONE OF rHEx-rHE rroSsEss IN THE PROGRESS or
MPRovKNENTs-Mk JOHN \. M'LEANs LARGE
PROPERTY INTERESTS IN This CITY.
81 should judge" said real estate operator to q
STAR reporter "from what 1 have seen In the
newspapers that spectators IN real estate are re-
garded as public evils While no doubt some In
stances might be cited which would TO justify
this unfavorable opinion OF speculators yet taken
as class there Is no portion OF q community that
contributes so much to its advancement The
spectators always precede the work OF SOLID I'M
provementsI They run their streets out into the
country and lay on farm lands into town lots long
before the growth OF population pushes the resi-
dent away from the center OF population. They
invest their money In this property and they bring
to bear all the force OF their energy and pluck to
hurry along the improvements. In this way street
railway lines are laid, street improvements are
made, the town is advertised and 1t acquires the
ppSs The real ns estate spscSatoTs q
boomers, as they are sometimes called, are
hardest pushes when the town is struggling up
the hill They, no doubt, frequently induce peO-
pie TO invest their money in such way that 1t is
evils You can see the work OF the real-estate
spectators In all these numerous SUBDIVISIONS
left city properly for other operations, and are
now spreading themselves over the suburbs. some
OF these subdivisions have already passed beyond
the line OF speculation, and are now being improved
The city streets are being continued for long dis
tances beyond Boundary street. and these improve
ments made by the spectators. In this way the
land which Is devoted to streets. After while,
when the city actually boils over its pres
II the District desires to buy the land needed for
streets II would require large sums OF money. Inc
opening Of the streets and In TACT all other I'm;
actually hasten the growth OF the city by furnish
ing additional room for homes. The spectators
OF supply and demand checks them. II, however,
there was no such thing as real estate speculation
here this city would be much duler and slower
tnan 1t Is at present. like to say good word for
the real estate SPECTATORS because 1t seems that
1t is popular just now to abuse them. What is the
popular side Of question is not always the right
GOOD PLACE TO INVEST MONEY.
Real estate dealers are receiving many inquiries
about property from people who are spending the
winter season In this city, AS they are here, and
have the leisure, they seem to think that It would
be as well TO make themselves familiar with the
real estate market By spring the majority OF
such tnqu1rers are anxious TO place some OF their
money IN property here, and 1t is very frequently
dence for their own use The accessions to the
population made In this way are large, and as they
are people Of wealth and leisure they prove desir;
by people who come here with any knowledge at
all OF the values OF property In other caniS that
residence sites can be obtained for very reasonable
figures, and that the cost OF home Is low COIN
pared With the expenditure required for similar
purpose In other cities OF the country In view OF
these facts IT Is not difficult 10 understand the
cause OF the rapid growth OF the population OF the
as place OF residence have long been conceded.
JOHN R. MLEAN's REAL ESTATE INVESTMENTS
The recent purchase by Mr. John X. Mclean OF
the two houses on the west side of 18th street, be-
tween Ii and l streets. makes him the owner Of
nearly half Of that square. He now owns all the
ground ON 18th street from the Morton Flats now
In course OF erection, to street, the entire street
front and the entire Vermont avenue front from
street to the end OF the row OF three large brick
houses. The / street front Is improved with the
brick residence that was known as the Fish House
because MIR. Hamilton Fish lived there while Sec
rotary OF state: Mr.. Mclean has re5tted the
roOm making 1t one OF the largest private resi-
dences In the city. The house Is surrounded by
quite extensive grounds, and with the frontage
on Mcpherson square is agreeable place OF resi-
dence 1t was said when Mr. Mclean made his
tlrst purchase OF property on this square that he
proved his own residence 1t Is supposed that the
project has been abandoned for the present at
in this CITY, He owns property OF all kinds and In
all sections OF the city. He purchased the whole
OF square SAC, between N, ., Sd. and AZ streets
southwest, and subdivided 1t into building lots.
He has erected there about nifty small houses. He
also owns the whole OF square 100, between 10th
and 10th, and Boundary streets northwest, which
as yet has not been improved. In the southeast
ern section OF the city he owns about a half OF
squares 1112 and 1868 He became the purchaser
OF the property on street. between 18th and 18th,
formerly occupied by the soldiers and Sailors Or
phan Home, and In addition he owns a number OF
valuable pieces OF property in the heart OF the CITY,
Ii is estimated that the value or Mr. McLeans real
estate holdings In this city alone amounts TO about
three-Quarters OF million dollars.
His 1ather, Mr.. washington Mclean, is also
large prOperty-Owner here. He owns the residence
On Lafayette Square, where he lives, besides prop
erty in other parts or the city.
The YOud0O Mans Luck Stone.
Nh. GREEN TELLS JUDGE SMELL HOW HB WAS
swINpLED OUT OF S..
The case OF VIM. Warren, alias Brooks, the COL
ored "voudoo DOCTOR" charged with larceny, was
called up IN the Police Court yesterday. The
prisoner Is a good-looking c0lored man about
thirty years old and dresses we'll The prosecu-